Fred’s Inc. (Nasdaq:FRED) announced that it will provide an online Web simulcast of its second quarter 2011 earnings conference call on Thursday, August 25, 2011. The Company’s results for the second quarter and six months ended July 30, 2011, will be released earlier that morning.
Fred’s, Inc. and its subsidiaries sell general merchandise through retail discount stores and pharmacies in the southeastern United States.
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company’s manufacturing clients worldwide.
The biomass, in some cases together with coal (co-firing), is first converted to heat, which is then used for the generation of electricity (or combined heat and power) using technology originally developed for conventional power production. A more modern approach, still being researched, involves the use of fuel cells. The biomass is converted to hydrogen, biogas or methanol, which is then fed to suitable fuel cells, creating heat and electricity.
Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
For more information about Cleantech Transit, Inc. visit its website www.cleantechtransitinc.com
Gencor Industries Inc (Nasdaq:GENC) announced that revenue for the quarter ended June 30, 2011 was $23,015,000 compared to revenue of $12,684,000 for the quarter ended June 30, 2010. Gross margin as a percentage of sales increased to 18.5% for the quarter ended June 30, 2011 from 11.9% for the quarter ended June 30, 2010. Operating income for the quarter ended June 30, 2011 was $1,447,000 compared to an operating loss of $(1,518,000) for the quarter ended June 30, 2010.
Gencor Industries, Inc., together with its subsidiaries, manufactures heavy machinery used in the production of highway construction materials, synthetic fuels, and environmental control equipment.
Celgene Corporation (Nasdaq:CELG) announced the Company’s Board of Directors has authorized the repurchase of up to an additional $2 billion of the Company’s common stock.
Celgene Corporation, an integrated biopharmaceutical company, discovers, develops, and commercializes various therapies to treat cancer and immune-inflammatory related diseases.
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